Mporium Group Plc To Acquire Click Laboratories Limited And We Breathe Media Ltd

  • Mporium Group Plc (MPM) has entered non-binding heads of terms for the acquisition of the entire issued share capitals of Click Laboratories Limited, and We Breathe Media Ltd.
  • The acquisition of the companies is at a maximum consideration of £5.5 million and are expected to make a material positive contribution to the Group’s performance in FY2019 and onwards.
  • As per the agreement, an initial payment will be in the form of £0.5 million in cash and issue of 400,000,000 Ordinary Shares, worth £2 million.
  • On 30th September 2019, at the time of writing, GMT 12:36 PM, MPM shares were trading at GBX 0.47, down by 0.36 points or 43.45 per cent against the previous day closing price.